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Why did Trump get 18 minutes of prime-time television for a totally partisan, largely inaccurate monologue?

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When Donald Trump delivered the first White House address of his second presidency Wednesday night, all major U.S. networks beamed his image and voice onto their airwaves, cable feeds and online platforms.

Americans ended up watching the Republican president stand in the Diplomatic Reception Room and deliver 18 minutes of aggressive, politically motivated arguments that misstated facts, blamed the nation’s ills on his predecessor, exaggerated the results of his nearly 11 months in office and amplified his characteristically gargantuan, immeasurable promises about what’s to come.

This was no commander in chief announcing a military action or discussing a critical national issue. It was a politician’s defiant insistence that he’s doing a better job than polls suggest most Americans believe. And the spectacle raises the question of whether network executives should grant airtime to the leader of the free world for a clearly political speech simply because he asks.

“It’s not that the Oval Office and the White House haven’t been used for political speeches before,” said former NBC executive Mark Lukasiewicz, who is dean of Hofstra University’s communications school after more than a decade leading NBC’s special broadcasts, including presidential addresses.

“But, as with a great deal of what Donald Trump does as president, this was outside the norm,” Lukasiewicz said, adding that news executives are reluctant to flout the historical standard that “when the president feels he needs to speak to the nation, you need to let him speak.”

The uneasy dynamics were further intensified because Trump spoke the same day that the Federal Communications Commission chairman, Brendan Carr, told members of Congress that his agency, which has regulatory authority over media companies, is not in fact an independent agency as has been understood through generations of Republican and Democratic administrations. That’s on top of Trump’s penchant for browbeating individual journalists who cover him and suing news organizations to the tune of multimillion-dollar settlements, notably from CBS and ABC.

Lukasiewicz, who left NBC soon after Trump’s 2016 election, said “it is hard to imagine that those factors aren’t on the minds of news executives and network executives making these decisions.”

Networks typically give presidents the benefit of the doubt

The White House did not immediately reply to questions Thursday about the process that led to Wednesday’s address. The networks also did not respond to Associated Press inquiries. Spokespeople at MS NOW and CNN, cable networks whose prime-time programming already is oriented to political coverage, declined comment.

Presidential addresses often begin with the White House press secretary or communications director contacting networks’ Washington bureau chiefs, asking for a specific amount of time and offering a general description of the topic. Lukasiewicz recalled that when President Barack Obama told the nation that 9/11 mastermind Osama bin Laden had been killed on his orders, his aides had told networks the president wanted to discuss a major national security matter.

Such conversations are relayed up to network executives, who must weigh whether to preempt or delay programming, decisions that can affect advertising revenue. Networks typically grant the time, reasoning that they’re relatively rare and historically have involved substantial matters.

Trump, who relishes talking directly to voters via social media and regularly talks to reporters on Air Force One and elsewhere, has made fewer requests for network time than many of his predecessors; he had not asked at all since returning to the White House in January.

Still, it’s not a guaranteed yes, with Obama and President Joe Biden being denied requests in recent decades.

The president disclosed his plans Tuesday on Truth Social, his social media platform. That announcement came hours after his declaration, also on Truth Social, that the U.S. would accelerate its actions against Venezuela and boats the Trump administration insists are running drugs that reach U.S. soil.

Taken together, those posts triggered chatter in Washington and beyond about official wartime actions. Some newsrooms predictably linked his planned speech to his Venezuela commentary. Presidents, after all, regularly make major military announcements in addresses from the White House: John F. Kennedy on the Cuban Missile Crisis, Lyndon Johnson on Vietnam, Jimmy Carter on the Iran hostages, Ronald Reagan on the Cold War and U.S. maneuvers in Latin America.

Presidents also have made plenty of U.S.-centered speeches, many fairly described as a politician pitching his preferred domestic policies with an unchecked megaphone.

Network leaders notably rejected Obama in 2014 when he wanted to talk about immigration policy while Congress was at an impasse over the matter. Lukasiewicz recalled being part of the executive team that rejected Obama’s request to speak during his first term on the Affordable Care Act becoming law.

In 2022, Biden spoke at length on his concerns about American democracy — but several networks did not carry his remarks from Philadelphia. By itself, the topic could be framed as a national concern above partisanship. Biden’s effort, though, was complicated by the fact that he was talking about Trump and Trump’s supporters who ransacked the U.S. Capitol on Jan. 6, 2021, at a time when they were being investigated and prosecuted.

Trump’s purpose still wasn’t obvious hours ahead of his speech

It’s not clear when — or if — the White House shared the substance of Trump’s remarks with network leaders. People familiar with how the process has worked in previous administrations said it would be defensible, since it was Trump’s first address this term, for networks to grant his request even without clarity about the topic.

By Wednesday afternoon and early evening, White House aides and some executive branch agencies had telegraphed to some journalists that the speech would be more oriented to the state of the nation nearly a year into Trump’s presidency — a framing that would still put the speech within historical norms. Trump, however, went beyond those traditional boundaries.

The United States was “laughed at” before he resumed the presidency in January, Trump insisted. He blamed Biden and Democrats for “the worst (inflation) in the history of our country,” but said “everything … is falling rapidly.” Biden-era inflation was not the worst in history, inflation rates began falling before he left office and, though they are now at or much closer to historically routine levels, that still means prices are rising.

The White House also offered charts that only Fox opted to show.

Trump accused immigrants in Minnesota of stealing “billions and billions” of dollars and used the language of war to call Biden-era immigration levels an “invasion.” He claimed he’d secured $18 trillion in foreign business investments to the U.S. when his own White House puts the number closer to half that. He said he scored a landslide in 2024 — despite his Electoral College vote share ranking in the bottom third through 230 years of victorious presidents.

Asked whether the display could give TV executives pause in the future, Lukasiewicz pointed back to business realities.

“I don’t know,” he said. “Those overlaying factors of the incredible pressure that this president can bring, and has shown himself completely willing to bring on these organizations and their corporate parents when he’s unhappy — that’s still part of part of the equation.”



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Billionaire who sold two companies to Coca-Cola says he tries to persuade people not to become entrepreneurs: ‘Every single day, you can go bankrupt’

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Mike Repole, the billionaire entrepreneur who cofounded and sold beverage giants Glaceau and BodyArmor to Coca-Cola for a combined $9.7 billion, has an unexpected message for aspiring business owners: Don’t do it.

In an interview with the School of Hard Knocks, a popular social-media channel known for interviewing wealthy entrepreneurs, Repole shared his contrarian view on entrepreneurship, emphasizing the brutal realities that most success stories gloss over.

“I spend more time talking people out of being an entrepreneur,” Repole said. “The first five years for an entrepreneur, I call the survival years. Every single day, you could go bankrupt.”

Repole’s cautionary advice carries significant weight given his impressive business track record. The 56-year-old Queens, N.Y., native first made his fortune when he cofounded Glaceau with J. Darius Bikoff in 1999. The company, which produced Smartwater and Vitaminwater, grew from $1 million in first-year sales to over $1 billion in revenue by 2007, when Coca-Cola acquired it for $4.1 billion.

Following that success, Repole cofounded BodyArmor, a sports drink company, in 2011. It gained significant attention a few years later in 2014, when NBA legend Kobe Bryant invested $5 million for a 10% stake, becoming the brand’s creative director. In November 2021, Coca-Cola purchased the remaining 85% of BodyArmor for $5.6 billion, making it the beverage giant’s largest-ever brand acquisition.

Forbes currently estimates Repole’s net worth is $1.6 billion, largely stemming from these two successful exits. Between the ventures, he also served as chairman of snack company Pirate’s Booty, helping grow the brand by 300% before it sold to B&G Foods for $195 million in 2013.

Betting on yourself vs. playing it safe

Despite his multibillion-dollar track record, Repole emphasized in the interview that entrepreneurial success is far from guaranteed. “There were days that I didn’t think we could make it,” he said, adding that he “failed” multiple times throughout his journey.

The billionaire’s advice reflects a growing trend among successful entrepreneurs who are increasingly candid about the challenges of building businesses. Unlike the typical success narratives that dominate social media, Repole’s message acknowledges the statistical reality that most startups—over two-thirds of them—fail, and that even successful entrepreneurs face constant uncertainty.

True to form for successful entrepreneurs, Repole embraces what others might see as character flaws. When asked if he’s “a little crazy” like other billionaires, Repole responded: “I started crazy,” adding, “Crazy people change the world.”

You can watch the interview with Repole below:

@theschoolofhardknocks He’s a multi-BILLIONAIRE 🤯 he sold his companies BODYARMOR and Vitaminwater to Coca-Cola for $12 BILLION! I interviewed Mike Repole in Florida and I asked him if he thinks everyone is built for entrepreneurship. I also asked him whether or not he failed on his way to becoming a billionaire. Since he sold two beverage giants for billions of dollars I asked him whether he thinks product or distribution is more important in business. Lastly, I asked him if he would consider himself to be crazy. #wealth #entrepreneur #financialfreedom #motivation ♬ original sound – The School of Hard Knocks

A version of this story was published at Fortune.com on Sept. 12, 2025.

More on entrepreneurialism:

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Sam Altman says he’s ‘0%’ excited about running a public company as OpenAI preps IPO

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OpenAI may be building up to one of the largest initial public offerings ever, but CEO Sam Altman says he is not necessarily looking forward to helming a public company.

“Am I excited to be a public company CEO? 0%,” Altman said in an episode of the “Big Technology Podcast” published on Thursday. “Am I excited for OpenAI to be a public company? In some ways, I am, and in some ways I think it’d be really annoying.”

OpenAI is laying the groundwork for an IPO, with a Thursday report from The Wall Street Journal putting early talks of a valuation at $830 billion. In a more lofty estimate, the company could be valued at up to $1 trillion, Reuters reported in October, citing three sources. According to the Reuters report, chief financial officer Sarah Friar is eyeing a 2027 listing, with a potential IPO filing in late 2026.

Altman told “Big Technology” he didn’t know if his AI company would go public next year and was mum on details about fundraising, or the company’s valuation. OpenAI did not respond to Fortune’s request for comment.

Despite his hesitance to lead a public company—which are often under more scrutiny, greater regulatory oversight, and are associated with less influence from founders—OpenAI’s IPO wouldn’t be all bad, Altman noted. 

“I do think it’s cool that public markets get to participate in value creation,” he said. “And in some sense, we will be very late to go public if you look at any previous company. It’s wonderful to be a private company. We need lots of capital. We’re going to cross all of the shareholder limits and stuff at some point.”

An IPO would pave the way for OpenAI to raise the billions of dollars needed to compete in the AI race. Founded as a nonprofit in 2015, OpenAI just completed a complex restructuring in October that converted it into a more traditional for-profit company, giving the nonprofit controlling the company a $130 billion stake in it. The restructuring also gave Microsoft a reduced 27% stake in the company, as well as increased research access, while simultaneously freeing up OpenAI to make deals with other cloud-computing partners. 

More ‘code reds’ to come

OpenAI’s urgency to compete with rivals was apparent earlier this month when Altman declared a “code red” in an internal memo, following the surge of interest after Google rolled out its new Gemini 3 model in just one day, which the company said was the fastest deployment of a model into Google Search. Altman’s “code red” was an eight-week mandate to redouble OpenAI’s own efforts while temporarily postponing other initiatives, such as advertising and expanding e-commerce offerings.

The blitz appears to be paying off: Last week, OpenAI launched its new GPT-5.2 model, and earlier this week, it released a new image-generation model to compete with Google’s Nano Banana. Fidji Simo, OpenAI’s CEO of applications, said the update wasn’t in response to Google’s Gemini 3, but that the extra resources from the code red did help expedite its debut.

As OpenAI tries to address slowing user growth and retain and grow market share from its competitors, Altman conceded a code red will not be a one-off phenomenon. The all-out effort is a model that’s been employed by Google, and also Meta through Facebook’s more extreme “lockdown” periods. He downplayed the stakes of a code red, matching what sources told Fortune equated to a focused, but not panicked, office environment.

“I think that it’s good to be paranoid and act quickly when a potential competitive threat emerges,” Altman said. “This happened to us in the past. That happened earlier this year with DeepSeek. And there was a code red back then, too.”

Altman likened the urgency of a code red to the beginning of a pandemic, where action taken at the beginning, more so than actions taken later, have an outsized impact on an outcome. He expected code reds will be a norm as the company hopes to gain distance from the likes of Google and DeepSeek.

“My guess is we’ll be doing these once, maybe twice a year, for a long time, and that’s part of really just making sure that we win in our space,” Altman said. “A lot of other companies will do great too, and I’m happy for them.”



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Klarna partners with Coinbase to receive stablecoin funds from institutional investors

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After staying out of crypto for years, the buy-now-pay-later giant Klarna has been making a flurry of moves in the digital asset space. The latest example came on Friday when the company said it is partnering with the crypto exchange Coinbase to accept stablecoin funds from institutional investors.

Klarna’s business model revolves around supplying consumers with zero-interest loans to buy goods, an arrangement known as buy-now-pay-later, or BNPL. The Swedish firm earns money primarily by charging merchants a small fee to offer its services, and acquires capital via a banking arm that accepts deposits and issues bonds. Its partnership with Coinbase will let institutional investors front capital denominated in stablecoins, a type of cryptocurrency pegged to underlying assets like the U.S. dollar.

“Stablecoin connects us to an entirely new class of institutional investors,” said Niclas Neglén, Klarna’s CFO, in a statement.

Friday’s announcement is the latest foray into crypto from Klarna, which went public in September. In late November, Klarna launched its own stablecoin, KlarnaUSD, on a new blockchain backed by the fintech giant Stripe and the crypto venture capitalist Paradigm. About two weeks later, the company said it was working with the crypto wallet developer Privy, which is owned by Stripe, to work on potential crypto products for its users.

Klarna’s crypto integrations come as more fintechs and banks dabble in stablecoins, which proponents say are a faster and cheaper means to send and receive money than existing financial rails.

On Thursday, the neobank SoFi announced that it was launching its own stablecoin. In early December, Sony’s banking arm said it was exploring the issuance of its own dollar-backed token. And even Block, the fintech that’s historically been a devoted Bitcoin booster, said that it will integrate stablecoins into Cash App, the digital wallet the company owns. 

The rush into stablecoins follows a series of landmark moments for the crypto assets over the past year. In February, Stripe closed a $1.1 billion deal to acquire the stablecoin startup Bridge. In June, the stablecoin issuer Circle went public in one of the year’s hottest IPOs. And, in July, President Donald Trump signed into law a new bill that creates a regulatory framework for stablecoins.

This story was originally featured on Fortune.com



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